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If the cost of the beginning work in process inventory is $65,000, direct materials cost is $355,000, direct labor cost is $221,000, and overhead cost
If the cost of the beginning work in process inventory is $65,000, direct materials cost is $355,000, direct labor cost is $221,000, and overhead cost is $324,000, and the ending work in process inventory is $60,000, calculate the cost of goods manufactured. Multiple Choice $900,000 $581,000 $965,000 $1,025,000 $905.000 Asteroid Industries accumulated the following cost information for the year: Direct materials Indirect materials Indirect labor Factory depreciation Direct labor $16,700 4,700 9,200 13,500 37,700 Using the above information, total factory overhead costs equal: Multiple Choice $54,400 $13,500. $27,400. $18.200 $81.800. Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3.990,000 (190,000 hours at $21/hour) and that factory overhead would be $1,490,000 for the current period. At the end of the period, the records show that there had been 170,000 hours of direct labor and $1,190,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate? (Round your answer to two decimal places.) Multiple Choice $7.34 per direct labor hour $6.93 per direct labor hour. $6.26 per direct labor hour. $8.76 per direct labor hour. $7.84 per direct labor hour
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